Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Could Binance Collapse?
by
pooya87
on 17/12/2022, 10:13:23 UTC
⭐ Merited by vapourminer (1)
With the collapse of FTX these things became more much imaginable
Wrong.
With the collapse of MtGox that happened nearly a decade ago, collapse of centralized exchanges became a sure thing. Now if some people have chosen to forget that and think it can not happen to other exchanges (Bitfinex, Cryptsy, Bittrex, Poloniex, ....) that is their own naivete.

To answer your question, Binance could collapse and I have been saying this ever since it started growing and it still wasn't as big as other altcoin exchanges like the scammers called Bittrex. I don't see anything changed except the size of their operation.
However, the current drama about CEXes in the media is 90% FUD.